HEI
HEICO Corporation310.29
-1.87-0.6%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Key Stats
Market Cap
43.19BP/E (TTM)
68.05Basic EPS (TTM)
4.56Dividend Yield
0%Recent Filings
8-K
Mendelson passes; sons assume chairs
HEICO Corporation announced the passing of Executive Chairman Laurans A. Mendelson on September 27, 2025, at age 87. Eric A. Mendelson and Victor H. Mendelson, his sons and existing Co-CEOs, immediately stepped up as Co-Chairmen per pre-approved succession plans. No business or operational changes expected. Leadership transition seamless.
10-Q
Q3 FY2026 results
HEICO's Q3 FY2025 sales hit $1.15B, up 16% y/y and accelerating from 15% YTD growth, with operating income jumping 22% y/y to $265M at 23.1% margin. FSG drove the surge, up 18% y/y on 13% organic gains across aftermarket parts, repairs, and specialties; ETG added 10% y/y. Acquisitions totaled $630M net cash, recognizing $252M goodwill and boosting intangibles, yet cash flow powered ahead at $639M operating (FCF not disclosed in the 10-Q.). Debt stands at $2.45B, revolver at 5.7%, covenants met. Diluted EPS of $1.26 reconciles cleanly to shares. Balance sheet bulks up nicely. Commercial air travel dips remain a risk.
8-K
Record Q3 results
HEICO smashed records in Q3 fiscal 2025, with net sales up 16% to $1.15B, operating income up 22% to $265M, and net income up 30% to $177.3M. Flight Support Group surged 18% in sales, marking 20 straight growth quarters; Electronic Technologies grew 10%. Debt ratios improved sharply. Records keep falling.
10-Q
Q2 FY2025 results
HEICO's Q2 FY2025 sales hit $1,098M, up 15% y/y and riding strong FSG growth (19% to $767M) fueled by aftermarket parts and repairs, while ETG added 7%. Operating income climbed 19% to $248M (22.6% margin, up from 21.9%), margins lifted by FSG mix yet pressured by contingent consideration hikes. Diluted EPS of $1.12 reconciles cleanly to 140,599 shares. Cash swelled to $242M on $408M operating cash flow; free cash flow $374M (derived) despite $286M acquisitions and $33M capex, with $2.3B debt (5.9% revolver rate to 2028) in covenant compliance. Acquisitions piled on $137M goodwill. Backlog tops $2B. Competition shadows demand.
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